2216 Palisade Ave, Modesto, CA 95350

Fantastic 4plex/ (Actually 4 Condo's with 4 Separate APN's) . This could be a very easy Value add since the 4 Individual condo's should be worth considerably more than the fourplex. These units boast a great current gross rental income of $69,060 with a current GRM of 10.84! There is still plenty of upside potential using the Rentometer 50% rent in the area the rent should be closer to $76,992 (Report Attached). At marker rents the GRM would be 9.72. All these units were updated about 4 years ago. Our pictures are for 3 of the 4 units. We will be getting pictures soon of unit #1 soon. Units 2 & # are in fair/Average Condition with normal wear and tear. Unit # 4 is in good condition with minor cosmetic defects. These units are located in the professionally managed HOA (Whispering Woods). All units are 2 bedrooms and 1 bath, central heat and air, shared garage spaces, Onsite Laundry, & courtesy patrol. All Units have access to the community pool. HOA covers landscaping, security, pool, common areas, and wall-out insurance. All must be purchased as a package with a concurrent close. Due to these being 4 individual single family parcels this portfolio may not be subject to Rent Control. Buyer to verify themselves.